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Has anyone ever heard of eminisniper.com?


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Has anyone ever heard of eminisniper.com?

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  #201 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


fireman912 View Post
I can tell you exactly what you did wrong...you traded a system you just purchased and went straight to live trading instead first sim trading the system...no one should trade live unless they are profitable first in sim

Well if some descent members here start yelling for months that this system is like 9/10 profitable, and everybody in the room 'takes the trades' why should I as not a newbie trader don't take the trades ?

How lame is that system ? Oh right, I should have first took sim trades and then wine about how bad the system is.

Sim trading on my trading activity is testing a software program, not trading.

But I get it, first you dig up an old post to tell me to go south, and now you're telling me it's my fault.


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  #202 (permalink)
 dsherman 
Michigan
 
Experience: Intermediate
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MetalTrade View Post
But I get it, first you dig up an old post to tell me to go south, and now you're telling me it's my fault.


MetalTrade,

What was the room you were in? Any reason for not still being in it?

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  #203 (permalink)
 crossover 
Belgium
 
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Metaltrade,

Looking at the 6E chart of today, do you see valid trades?

crossover

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  #204 (permalink)
 fireman912 
houston tx
 
Experience: Intermediate
Platform: infinity
Trading: 6E
 
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MetalTrade View Post
Well if some descent members here start yelling for months that this system is like 9/10 profitable, and everybody in the room 'takes the trades' why should I as not a newbie trader don't take the trades ?

How lame is that system ? Oh right, I should have first took sim trades and then wine about how bad the system is.

Sim trading on my trading activity is testing a software program, not trading.

But I get it, first you dig up an old post to tell me to go south, and now you're telling me it's my fault.



Then I guess that would explain why you keep blowing your trading accounts...if you can't make money yourself in sim then you can't make money live...no one trades a system exactly the same so just because others are making money does not mean you will ...if trading was as simple as just taking every trade according to a systems set of rules we would all be rich...not picking on you but maybe you should sim trade it and see if it will be profitable for you after a month or two

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  #205 (permalink)
 monpere 
Bala, PA, USA
 
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Why isn't eminisniper stepping up here, and defending their product? They did it before on this thread when someone was trying to reverse engineer their method. Is it not worth defending anymore?

I like those guys, they seem like genuinely nice guys, but did not strike me as seasoned traders. I think the product has potential, they just need to fine tune and adjust it. I think that may take more experience then they have, perhaps.

I think they are just struggling right now with an unproven system, and a new business. Their website is not up to par, the technology they use for their trade room is not up to par, they may just have bitten more then they can chew. They can hire me as a consultant, I'll be glad to help

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  #206 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


fireman912 View Post
Then I guess that would explain why you keep blowing your trading accounts...if you can't make money yourself in sim then you can't make money live...no one trades a system exactly the same so just because others are making money does not mean you will ...if trading was as simple as just taking every trade according to a systems set of rules we would all be rich...not picking on you but maybe you should sim trade it and see if it will be profitable for you after a month or two

Who said I wasn't profitable ? I trade 3 systems according to market conditions. See my other posts.

So you are saying that trading according the system wasn't supposed to be profitable ? Do u have any idea how this sounds ? Apperently I'm the one with a problem on this system, please tell me what I need to change.

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  #207 (permalink)
 monpere 
Bala, PA, USA
 
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crossover View Post
I had six good profitable trades on 6E today.
I took them all by the sniper rules
market is going up and down and therefore there were some good oppertunities.

just my 2 €cent here

Show us the trades... Show meeeeeee the money!

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  #208 (permalink)
 fireman912 
houston tx
 
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MetalTrade View Post
Who said I wasn't profitable ? I trade 3 systems according to market conditions. See my other posts.

So you are saying that trading according the system wasn't supposed to be profitable ? Do u have any idea how this sounds ? Apperently I'm the one with a problem on this system, please tell me what I need to change.

If you are so profitable trading 3 other systems then why did you purchase the eminisniper system?

Hmmmm

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  #209 (permalink)
 timefreedom 
Indianapolis, IN USA
 
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crossover View Post
Metaltrade,

Looking at the 6E chart of today, do you see valid trades?

crossover

How would you define valid? Is a valid trade as described by what's in their ebook? Or do you use what moderator #1 uses in the room? Or do you use what moderator #2 uses in the room? Or do you use what the little group of "2 a.m. to 4 a.m. EST" group uses? Or do you use the myriad of user-presented ideas that bounce around in the chat room each day? Or, are you using your own private approach like Monpere, that just has some "similarities" to their method? The reason I ask is because the one thing these approaches have in common is that they are ALL different. Or, are you looking at a historical chart and fooling yourself into thinking there were profitable trades because if you used one of the aforementioned approaches, a trade would have worked out? Most important point here, how would you define "valid" when the system developers don't even trade their rules? Maybe in your world, a valid trade is one that pays - I don't know. But if that's your criteria, don't visit the chat room - you'll see one losing trade after another.


fireman912 View Post
Then I guess that would explain why you keep blowing your trading accounts...if you can't make money yourself in sim then you can't make money live...no one trades a system exactly the same so just because others are making money does not mean you will ...if trading was as simple as just taking every trade according to a systems set of rules we would all be rich...not picking on you but maybe you should sim trade it and see if it will be profitable for you after a month or two

You don't know why Metal has blown accounts so why the insult? Trading in sim is a joke unless you're learning a new platform. It's a joke. Can I make that more clear? Trading in sim and trading is like painting and chewing bubble gum - utterly un-related. You trade it in sim for a month or two and waste your time if you want. Then come back here and report the truth. In the meantime, thank goodness there are people who see it and tell it like it is.

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  #210 (permalink)
 fireman912 
houston tx
 
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timefreedom View Post
How would you define valid? Is a valid trade as described by what's in their ebook? Or do you use what moderator #1 uses in the room? Or do you use what moderator #2 uses in the room? Or do you use what the little group of "2 a.m. to 4 a.m. EST" group uses? Or do you use the myriad of user-presented ideas that bounce around in the chat room each day? Or, are you using your own private approach like Monpere, that just has some "similarities" to their method? The reason I ask is because the one thing these approaches have in common is that they are ALL different. Or, are you looking at a historical chart and fooling yourself into thinking there were profitable trades because if you used one of the aforementioned approaches, a trade would have worked out? Most important point here, how would you define "valid" when the system developers don't even trade their rules? Maybe in your world, a valid trade is one that pays - I don't know. But if that's your criteria, don't visit the chat room - you'll see one losing trade after another.



You don't know why Metal has blown accounts so why the insult? Trading in sim is a joke unless you're learning a new platform. It's a joke. Can I make that more clear? Trading in sim and trading is like painting and chewing bubble gum - utterly un-related. You trade it in sim for a month or two and waste your time if you want. Then come back here and report the truth. In the meantime, thank goodness there are people who see it and tell it like it is.

I disagree...If you trade your sim account as if it was real money then i dont believe its a joke...if he would have taken those trades in sim he would have alot more money in his account...i was in no way trying to insult metaltrade but the smart thing to do when u enter a new room is to watch and see how things go first before throwing money at it and if he is making money trading 3 other systems why in the world would you purchase another system?

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  #211 (permalink)
 monpere 
Bala, PA, USA
 
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fireman912 View Post
I disagree...If you trade your sim account as if it was real money then i dont believe its a joke...if he would have taken those trades in sim he would have alot more money in his account...i was in no way trying to insult metaltrade but the smart thing to do when u enter a new room is to watch and see how things go first before throwing money at it and if he is making money trading 3 other systems why in the world you purchase another system?

The system cost $99 when I bought it! I can't speak for Metaltrade, but I'm always curious what other traders are doing, always wanting to learn, especially for almost free. My ultimate goal is to find a concept I can auto trade and just put my feet up My current method is nicely profitable, but just can't be programmed, believe me I've tried. If I can auto trade eminisniper, I'll be on the golf course all day... living the dream

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  #212 (permalink)
 bluemele 
Honolulu, Hawaii
 
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monpere View Post
The system cost $99 when I bought it! I can't speak for Metaltrade, but I'm always curious what other traders are doing, always wanting to learn, especially for almost free. My ultimate goal is to find a concept I can auto trade and just put my feet up My current method is nicely profitable, but just can't be programmed, believe me I've tried. If I can auto trade eminisniper, I'll be on the golf course all day... living the dream

I personally do not believe a 'perfect' auto strategy exists unless you can handle significant drawdowns and constant changes/updates to market conditions. (But who am I to say....)

A lot of guys in FOREX have some good systems, but they update them weekly w/ new parameters to define current market risk etc..

I guess I just don't believe (YET!) the 'EZ' auto strategy will ever work, and a lot of people believe that a discretionary strategy will never work. I hope you find it!

The way I look at it is, I will due my business for 2 hours per day, make my 3-5K per day at least and do some longer term ZN type trading (Swing/Position) which would be semi-auto etc..

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  #213 (permalink)
 monpere 
Bala, PA, USA
 
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Well guys, In the interest of fairness, here's the chart for the London session today as seen by an unbiased indicator. Blue arrows meet the full entry criteria, gray arrows say that a criteria invalidated the official signal before entry. But it seems like even the invalidated entries worked. Remember that is official eminisniper entries, but my money management, 5 ticks fixed stop, 10 ticks fixed target.

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  #214 (permalink)
 crossover 
Belgium
 
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First i would like to say that i also did blow my account some years ago. that was the best lesson i ever had. I trade now more carefully, more with patiency and try to put emotions on the site zs mutch as possible while trading . Some trades i had to hold longer but i took profit.
I always put a ATM strategy on. later i can move the profit and stop where i want

4 trades are shorts, 2 other long

Respecting the snipersystem i removed all the indicators. I placed arrows where i did trade. Fot those who have the indicators i most say that trade 4 has not been done exactly by the book here came emotion on the corner ( yes i still have emotions )

Time is in GMT +1 that's EST -6

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  #215 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


fireman912 View Post
If you are so profitable trading 3 other systems then why did you purchase the eminisniper system?

Hmmmm

I'm not doing well on the 6E, I want to trade the 6E but my current scalping style gives me many false entries.

Why are u so hard on me and why do I have to defend myself like that ? I didn't made any promise or try to sell anything ? I just followed their rules and it's not working ! U are shooting the messenger !!

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  #216 (permalink)
 fireman912 
houston tx
 
Experience: Intermediate
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MetalTrade View Post
I'm not doing well on the 6E, I want to trade the 6E but my current scalping style gives me many false entries.

Why are u so hard on me and why do I have to defend myself like that ? I didn't made any promise or try to sell anything ? I just followed their rules and it's not working ! U are shooting the messenger !!


I'm not trying to shoot the messenger I was just trying to give some friendly advice to trade in sim to see if the system becomes profitable for you

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  #217 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

if i follow the entry rules live or in sim what is the difference ? will i become profitable because i'm in sim ? why ?

the system is the sysstem, it's not working, it needs to be adjusted, that's my message here

baking cookies will not help

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  #218 (permalink)
 fireman912 
houston tx
 
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MetalTrade View Post
if i follow the entry rules live or in sim what is the difference ? will i become profitable because i'm in sim ? why ?

the system is the sysstem, it's not working, it needs to be adjusted, that's my message here

baking cookies will not help

The difference is you don't lose real money when you are trying to learn a new system



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  #219 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

I took 100% EXACT trades as described and took them TOGETHER with the masters of the room, they all end up being losers except 1 I took on my own.

What's there to learn ?

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  #220 (permalink)
 thatguy 
New Brunswick, NJ
 
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MetalTrade View Post
I took 100% EXACT trades as described and took them TOGETHER with the masters of the room, they all end up being losers except 1 I took on my own.

What's there to learn ?

That you don't buy the holy grail for $99?

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  #221 (permalink)
 bluemele 
Honolulu, Hawaii
 
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MetalTrade View Post
I took 100% EXACT trades as described and took them TOGETHER with the masters of the room, they all end up being losers except 1 I took on my own.

What's there to learn ?

That no system is perfect?

That for 99.00 and no real intense effort this is what you get?

That you can have several good months and then lose all that and more later?

That being a vendor is more profitable then being a beginning or intermediate trader?

That what is good for one person will not work at all for you because they interpret it differently?

etc...

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  #222 (permalink)
 bluemele 
Honolulu, Hawaii
 
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fireman912 View Post
The difference is you don't lose real money when you are trying to learn a new system



I agree. I disagree that SIM means nothing. Putting arrows and placements on the chart is important. No fills and other issues will rarely move a system to unprofitable in my opinion if it is well traded and others are getting filled that you can confirm.

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  #223 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
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After 10 live trading days, I am up 244 pips. I had 1 losing day of 21 pips.

I can't say that I follow the system strictly, but I have assimilated the rules into a system that is profitable for me. I am finding that having two profit targets is best. The first target to reduce the risk and the second to ride the trend.

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  #224 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
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They probably took it from here:

Advanced strategy#12 (Heikin-Ashi-two-Bar-Strategy) | Forex Strategies & Systems Revealed

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  #225 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
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bobbyacim View Post
Bought the system a month ago, the reverse engineerer...

I bought this system too, but I don't trade it. Good or bad, it is for each person to decide. Although there is nothing new or radical about the concept, the authors have probably put in a lot of work and effort in formulating and packaging their implementation of the method, and attempting to build a business on that concept.

I actually have no problem with someone trying to reverse engineer their method from watching the youtube videos, because the authors made the charts available on that public medium. But, for someone to buy the system, and then revealing the actual official method and parameters publicly on this, a public forum, is not fair to the authors, and does not seem right to me. I think what is presented in your post can be considered a violation of their intellectual property.

There has been plenty of debate on this system, but everyone so far, whether for or against it, has never revealed the details of the system. I think your post should be edited or removed by the forum administrator.

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  #226 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

I asked my money back today, since every time I go into that room and trade with them I LOOSE MONEY.

They refused.

I wasn't expecting it but they could refund me for the months I already payed and didn't used yet. Oh well, I was getting to excited by all those raving reviews about how good this system was by some BM members. Mea culpa!

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  #227 (permalink)
 bluemele 
Honolulu, Hawaii
 
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MetalTrade View Post
I asked my money back today, since every time I go into that room and trade with them I LOOSE MONEY.

They refused.

I wasn't expecting it but they could refund me for the months I already payed and didn't used yet. Oh well, I was getting to excited by all those raving reviews about how good this system was by some BM members. Mea culpa!

Metaltrade,

I highly suggest you spend more time on the psychology of trading and improving your mental self. Please don't take that as negativity, but you COULD CHOOSE NOT TO trade cash. I know where you are at mentally and emotionally and in my opinion you have a long way to go before you would be trading cash.

Save your money or you will surely be left by the roadside. We don't want to see that.


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  #228 (permalink)
 monpere 
Bala, PA, USA
 
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bluemele View Post
Metaltrade,

I highly suggest you spend more time on the psychology of trading and improving your mental self. Please don't take that as negativity, but you COULD CHOOSE NOT TO trade cash. I know where you are at mentally and emotionally and in my opinion you have a long way to go before you would be trading cash.

Save your money or you will surely be left by the roadside. We don't want to see that.


I am not sure how you made the jump from someone, buying a product and not being happy with it, to him being or not being ready to trade psychologically. I don't see the thread that connects those two thoughts together. If a person feels they did not get the value promised in a product, it is absolutely their right to ask for their money back.

If you read some of Metaltrade's other posts elsewhere on this forum, he is profitable trading 3 other systems based on marked conditions. I think he just feels cheated with this particular product. I bought this system too, but I was skeptical about it before I bought it, so it doesn't bother me as much. But I fully understand if people are not happy with that purchase.

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  #229 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Sure John, remember that you will have more losing days than winning days with this system.

There are customers from this trading room who made an automated strategy who takes the trades 100% according to the book, and they proved the system is not profitable.

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  #230 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

Sorry, that is not true, I have done the same without success. They even agreed to me that it were perfect conservative trade but losers.

The system is not good. You could learn from it but there are profitable systems here on BM that are free and working. This is a commercial system that will loose your money, sure you will have a winning day once in a while, but at the end you will lose.

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  #231 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
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I had 1 losing day out of 11 that I have traded the eminisniper system. The funny thing is that you are profitable on systems found here, but i am unable to go live with any of them. i guess it is a matter of matching up the system to the trader.

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  #232 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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monpere View Post
I am not sure how you made the jump from someone, buying a product and not being happy with it, to him being or not being ready to trade psychologically. I don't see the thread that connects those two thoughts together. If a person feels they did not get the value promised in a product, it is absolutely their right to ask for their money back.

If you read some of Metaltrade's other posts elsewhere on this forum, he is profitable trading 3 other systems based on marked conditions. I think he just feels cheated with this particular product. I bought this system too, but I was skeptical about it before I bought it, so it doesn't bother me as much. But I fully understand if people are not happy with that purchase.

Good opinion. I disagree with his approach of asking for money back. Or that he is ready for cash. It is ok to disagree. It is my conclusion and one I would not care to share nor have the viability to claim it. haha...

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  #233 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

If you trade according to the defined rules, even the conservative ones, you cannot be profitable.

Apparently you are claiming that you are profitable because you added or changed rules without saying to me what you are changing.

Also, if you follow the trades who are called in the room you are not profitable.

You should see how many private messages I get from payed users who are afraid to speak publicly but are losing money with this system. I hope the vendors of this system change their system into a profitable one because it's not now.

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  #234 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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sunpost View Post
I had 1 losing day out of 11 that I have traded the eminisniper system. The funny thing is that you are profitable on systems found here, but i am unable to go live with any of them. i guess it is a matter of matching up the system to the trader.

Good point! Maybe this is it.

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  #235 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
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sunpost View Post
I had 1 losing day out of 11 that I have traded the eminisniper system. The funny thing is that you are profitable on systems found here, but i am unable to go live with any of them. i guess it is a matter of matching up the system to the trader.

Out of those 11 winning days that you traded the system, how many of those days were winning days for the official trade room who trade the system as it was designed? I can assure you if they had 11 winning days out of 12, there would be 11 new youtube videos on the internet. Since you are a customer, please go to the room moderators, find the answer, and report back to us.

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  #236 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

It's kind off clear :

From those 2 supporters of this commercial room, the first one, john 6174 has ALL his posts on BM (except for introduce me) in this thread supporting this commercial vendor. It's clear that this user is only here to rave about eminisniper and nothing else.

The other guy has 14 of his 30 BM posts or so in this thread support eminisniper, so like almost half of his posts if you remove his other HELLO posts on BM.

I think we got the message guys. Please use payed advertisements to get customers, at least be honest to yourself when you look into the mirror. It's bad enough that your customers are losing money with your trading advise.

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  #237 (permalink)
 n1tc 
boston, ma
 
Experience: Intermediate
Platform: etrade
 
Posts: 4 since Jan 2010
Thanks: 2 given, 5 received

I spent a few weeks in the room also. Moderators are very pleasant and appear to be genuinely interested in teaching and helping. As others have indicated, they are apparently quite willing to spend significant amounts of time off line discussing and instructing. However, I think they probably launched the room & system prematurely. Seems like it is still a work in progress. Here are some random thoughts...
  • When I started one of the mods was claiming that he generally took about 10 trades per day while the 2nd claimed he was only looking for 2 trades per day (the most conservative ones). Both were trading 6E. A couple of weeks later the prolific trader had dialed his trades back down to 1 or 2 per day. 2nd trader appeared to have changed completely to CL. Unclear whether either was trading cash or sim. Not that it matters all that much, but I believe to some extent that if a vendor believes in a system enough to sell it, they should believe in it enough to use it to trade real money. Hedge fund investors often insist that PMs have their own $ invested in the fund - same principle here.
  • Charts suddenly changed from range to HA.
  • Rules about entering around news time became flexible.
  • Lots of instruments being displayed on screen but not being traded.
  • Trades being missed because mods were responding to questions about random instruments.
  • Dreadful meeting room technology with the mods' voices inevitably disappearing when things were getting exciting.
  • Lots of instances in which 6E would have a strong move, the mods would watch it move and not be able to get in until the trend had been exhausted.
  • Haven't been in the room for a couple of weeks but in my last couple of weeks I don't think the chief mod made any $ on his trades (and must have lost a bit). He only trades one contract with tight stops though so losses are not insane. Given that he is trading the "conservative" signals and does not appear to be profitable, it seems hard to defend the method as being useful unless it is customised by individual users.
  • Very few signals - especially with the conservative approach. Often one per day on 6E. This leaves a lot of dead air space which they fill discussing great signals on instruments they are not trading. This can be a little...frustrating.
  • No track record. I think it would benefit the room a lot if they were to recap the valid trades actually taken at the end of every day and summarise the results.

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  #238 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/Kinetick
Trading: Forex
 
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monpere View Post
Out of those 11 winning days that you traded the system, how many of those days were winning days for the official trade room who trade the system as it was designed? Since you are a customer, please go to the room moderators, find the answer, and report back to us.

I don't follow the trades taken in the room. i am trading FX and i am usually done trading before the room opens.

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  #239 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/Kinetick
Trading: Forex
 
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MetalTrade View Post
It's kind off clear :

From those 2 supporters of this commercial room, the first one, john 6174 has ALL his posts on BM (except for introduce me) in this thread supporting this commercial vendor. It's clear that this user is only here to rave about eminisniper and nothing else.

The other guy has 14 of his 30 BM posts or so in this thread support eminisniper, so like almost half of his posts if you remove his other HELLO posts on BM.

I think we got the message guys. Please use payed advertisements to get customers, at least be honest to yourself when you look into the mirror. It's bad enough that your customers are losing money with your trading advise.

It was another futures.io (formerly BMT) member that i follow that initially brought me to read this thread. I understand you are sore, but please do not start accusing me of something that is not true.

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  #240 (permalink)
 fireman912 
houston tx
 
Experience: Intermediate
Platform: infinity
Trading: 6E
 
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Thanks: 55 given, 24 received

Then why did you buy the system if the free systems here on futures.io (formerly BMT) are working for you?





MetalTrade View Post
Sorry, that is not true, I have done the same without success. They even agreed to me that it were perfect conservative trade but losers.

The system is not good. You could learn from it but there are profitable systems here on BM that are free and working. This is a commercial system that will loose your money, sure you will have a winning day once in a while, but at the end you will lose.


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  #241 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
 
Posts: 374 since Dec 2009
Thanks: 225 given, 380 received

Hope the futures.io (formerly BMT) mods will check this out. The people posting that they are having success with eminisniper are either delusional or shills. Personally, I don't care either way. I bought the system. It's worthless. Not even the room moderators trade the method as it's written. And you bet, they are more than willing to spend as much time with you as you care to waste. The comment I love is this... "Okay guys, there is a possible setup here. You can take it if you want. We're not going to take this one..." Then, right on cue, 10 minutes later they are either talking about the successful trade that just happened (without them) or bragging about the fact that they passed on that one (even though it's a valid setup according to their rules.) If you watch the trades the room mods actually take, you'll see one of 2 things: either 1) one losing trade after another or, 2) hours passing by as they complain about how the market "just isn't moving." (Of course, the 6E market is moving EVERY day.)

By the way, their big thing right now is that they are developing software that spots divergence (sound familiar?) As soon as they can figure out how to get it "licensed", they will unleash it for the masses. Are you laughing yet? Have said it before and since I purchased this one, feel entitled to say it again... Buyer Beware.

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  #242 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
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i would say look at the first 9 post if this was not a setup i dont know what is,i have not tried the system as i have not had the time i guess we should ask wgreenie if she still uses it,but from all the fighting from their end i would guess i would not try it,if you dont like my methods i dont care dont trade them but im not going to sit here and fight with you that my way is a good way or not i simply dont care,i would like you to be a better trader but everyone has a different way of seeing the market...sharky

KILLING THE MARKETS DAILY
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  #243 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
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sharky View Post
i would say look at the first 9 post if this was not a setup i dont know what is,i have not tried the system as i have not had the time i guess we should ask wgreenie if she still uses it,but from all the fighting from their end i would guess i would not try it,if you dont like my methods i dont care dont trade them but im not going to sit here and fight with you that my way is a good way or not i simply dont care,i would like you to be a better trader but everyone has a different way of seeing the market...sharky

It's like watching the UFC

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  #244 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
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like i said i trust wgrenni so i would ask her how she is doing with it but i have not seen her around for a few days...sharky

KILLING THE MARKETS DAILY
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  #245 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
 
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I think here all one can understand what is true or false, and that if a system is a real 100% mechanical system, it must have precise rules for entry, exit, stop, trade and money management, that are fixed and if one follow them the system must work, if really profittable. Otherwise the system is more a method, like I think almost are, if not all you find for sale or on the forums, that have discretionary parts, that, most of the time, work, if they do, for the developers and for some others that are able to make theirs the method.

Take your Pips, go out and Live.
Luke.
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  #246 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

For me, I was able to spot only a few 6E signals for the last two weeks. When I was uncertain, I chose to SOH. I can tell there are traders who continue making green pips consistently via Sniper set ups. I've been receiving private messages from at least 4 sharing their trade results incl different trade management tips. I believe they're genuine and not making any inaccurate claims.

I went through the suggested entry requirements 3-4 times before sim-trading both regular and divergence signals. Sim result was at least 70% profitable inclusive of my human operation errors. As of this moment, I probably have 40 live trades .. not green or red since I did make some non-sensible trading decision (luckily not to be repeated).

If one spends time learning the entry requirements plus taking advantage of the free room access, then writes down his/her own trading plan, I am confident that he/she will have a system that's profitable most of the time. The Sniper system does specify where to enter/exit. One must incorporate when not to trade (say around high priority news and close to the US bell open), does the trade offer enough room to reach the profit target, will the SL cushion be big enough etc etc. To be a successful trader, one must own the trades (regardless of the results) and be responsible for his/her trading decision.

If one cannot trade a system profitably for a predetermined period of time/losing ticks, it's time to take a break. It's very obvious that the same system may work for Traders A to D yet it may not work for Traders E to H. Even amongst Traders A to D, they very likely enjoy different results. Yes, they're looking at the same chart(s), could be taking the same signals, yet they managed their trades differently. Being in the room for over two months, the most important lessons I have learned:

1. Do not compare my trading results with other traders who're considering/taking the same signals

2. Respect my trading preference

3. Own the trades I choose to take and/or pass

4. Be responsible for every trading decision I make

I started having a CL chart on last week. Sim traded a few this morning incl 2 6E ones. Technically I should not be trading the 6E ones as they did not meet my entry requirements 100%. The CL ones did and I chickened too early for the last two trades (did reach PT 6-8 after exit).

Am I still confident in the Sniper system? Yes! It's my plan to stay with the conservative signals (divergence and first 1-2 retracement ones) while adding CL to my radar list.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #247 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received

I went through close to 20 systems (inclusive of a few commercial ones) since 2009. It's very personal and subjective to stay with a system (or systems). It's the trader's decision!

One of my trading friends has been using the same commercial system since Fall 2009. He has to pay for the following on a monthly basis:

- subscription to access a paid trading room (about $20)
- subscription to a trading room (about $200)
- subscription to a system licence (about $200)
- platform fee (about $100)

Note: He actually subscribes to a second trading room at the same time (another $200 or so).

Has he been trading profitably? Unfortunately not yet .. sigh .. Considering the monthly operating expenses of close to $1,000 (inclusive of occasional losing trades), I don't see the reasons to stay with the same set up for over a year. Having said that, I do respect his decision.

Soooo, trust your own instinct. One must have reasons to support his/her decision to make a purchase and place a trade. If it's not working (for whatever reasons), time to let go.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #248 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
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Thanks: 512 given, 158 received


wgreenie View Post
...
Beth


Beth, regarding your two 6E trades in the attachment. It seems your entry price are better than the trigger price. Are you taking pull backs after the setup triggers?

For the first trade, the low is 3 ticks away from the moving average. Is it considered as too far from the moving average by the snipers? I saw them avoiding these.

Thanks,

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  #249 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
Posts: 1,773 since Dec 2009
Thanks: 1,258 given, 1,203 received


omaha786 View Post
Beth, regarding your two 6E trades in the attachment. It seems your entry price are better than the trigger price. Are you taking pull backs after the setup triggers?

For the first trade, the low is 3 ticks away from the moving average. Is it considered as too far from the moving average by the snipers? I saw them avoiding these.

Thanks,

Hi Omaha

For the first trade, I waited for its breaking up and entered. I'm using a 6-pip SL cushion and need to make sure my entry is not too far away. Yes, I have to act very fast else I will wait for another signal IF it's not filled. Within maximum 3 pips from the moving average is acceptable and not more.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #250 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
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Thanks: 624 given, 3,900 received

as always thank you for your insightful reply thats what i like about you...sharky

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  #251 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
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wgreenie View Post
For me, I was able to spot only a few 6E signals for the last two weeks. When I was uncertain, I chose to SOH. I can tell there are traders who continue making green pips consistently via Sniper set ups. I've been receiving private messages from at least 4 sharing their trade results incl different trade management tips. I believe they're genuine and not making any inaccurate claims.

I went through the suggested entry requirements 3-4 times before sim-trading both regular and divergence signals. Sim result was at least 70% profitable inclusive of my human operation errors. As of this moment, I probably have 40 live trades .. not green or red since I did make some non-sensible trading decision (luckily not to be repeated).

If one spends time learning the entry requirements plus taking advantage of the free room access, then writes down his/her own trading plan, I am confident that he/she will have a system that's profitable most of the time. The Sniper system does specify where to enter/exit. One must incorporate when not to trade (say around high priority news and close to the US bell open), does the trade offer enough room to reach the profit target, will the SL cushion be big enough etc etc. To be a successful trader, one must own the trades (regardless of the results) and be responsible for his/her trading decision.

If one cannot trade a system profitably for a predetermined period of time/losing ticks, it's time to take a break. It's very obvious that the same system may work for Traders A to D yet it may not work for Traders E to H. Even amongst Traders A to D, they very likely enjoy different results. Yes, they're looking at the same chart(s), could be taking the same signals, yet they managed their trades differently. Being in the room for over two months, the most important lessons I have learned:

1. Do not compare my trading results with other traders who're considering/taking the same signals

2. Respect my trading preference

3. Own the trades I choose to take and/or pass

4. Be responsible for every trading decision I make

I started having a CL chart on last week. Sim traded a few this morning incl 2 6E ones. Technically I should not be trading the 6E ones as they did not meet my entry requirements 100%. The CL ones did and I chickened too early for the last two trades (did reach PT 6-8 after exit).

Am I still confident in the Sniper system? Yes! It's my plan to stay with the conservative signals (divergence and first 1-2 retracement ones) while adding CL to my radar list.

Beth

Hi Beth, I've been following you off and on now for quite awhile. I was really frustrated to see you bouncing from method to method without ever really giving something a long term chance. This paid room you are in may or may not be worth the money. BUT, this post of yours is imho, the most lucid and well thought out and practical post I have read of yours to date.

I suspect you may have found what you have been looking for regardless of others opinions. Stay the course and you will make it.

Simplicity is the ultimate sophistication, Leonardo da Vinci


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  #252 (permalink)
 PandaWarrior 
In the heat
 
Experience: None
 
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wgreenie View Post
For me, I was able to spot only a few 6E signals for the last two weeks. When I was uncertain, I chose to SOH. I can tell there are traders who continue making green pips consistently via Sniper set ups. I've been receiving private messages from at least 4 sharing their trade results incl different trade management tips. I believe they're genuine and not making any inaccurate claims.

I went through the suggested entry requirements 3-4 times before sim-trading both regular and divergence signals. Sim result was at least 70% profitable inclusive of my human operation errors. As of this moment, I probably have 40 live trades .. not green or red since I did make some non-sensible trading decision (luckily not to be repeated).

If one spends time learning the entry requirements plus taking advantage of the free room access, then writes down his/her own trading plan, I am confident that he/she will have a system that's profitable most of the time. The Sniper system does specify where to enter/exit. One must incorporate when not to trade (say around high priority news and close to the US bell open), does the trade offer enough room to reach the profit target, will the SL cushion be big enough etc etc. To be a successful trader, one must own the trades (regardless of the results) and be responsible for his/her trading decision.

If one cannot trade a system profitably for a predetermined period of time/losing ticks, it's time to take a break. It's very obvious that the same system may work for Traders A to D yet it may not work for Traders E to H. Even amongst Traders A to D, they very likely enjoy different results. Yes, they're looking at the same chart(s), could be taking the same signals, yet they managed their trades differently. Being in the room for over two months, the most important lessons I have learned:

1. Do not compare my trading results with other traders who're considering/taking the same signals

2. Respect my trading preference

3. Own the trades I choose to take and/or pass

4. Be responsible for every trading decision I make

I started having a CL chart on last week. Sim traded a few this morning incl 2 6E ones. Technically I should not be trading the 6E ones as they did not meet my entry requirements 100%. The CL ones did and I chickened too early for the last two trades (did reach PT 6-8 after exit).

Am I still confident in the Sniper system? Yes! It's my plan to stay with the conservative signals (divergence and first 1-2 retracement ones) while adding CL to my radar list.

Beth

If you do this every day, you will never worry about money again.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #253 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010


Quoting 
Then why did you buy the system if the free systems here on futures.io (formerly BMT) are working for you?

(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.

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  #254 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
 
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Posts: 2,547 since Jun 2010
Thanks: 3,803 given, 2,836 received


MetalTrade View Post
(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.

Metaltrade,

I agree, and thanks for bringing this to everyone's attention. I think the key is that you defined the issues as well as others with the short-comings of the room.

Although, the format I believe could be a challenge. I think calling live trades in a trade room could be doubly challenging but I haven't tried. For instance with my current method, if you took the trades as my coach mentions them, they would be losers. He is not in the trade calling business but trying to teach you what to look for. However, you would be getting in too late, too much is going on as a distraction etc..

But, take that away and I believe you will find a very profitable system and trader behind it. The concept may be good, but their management or execution needs some work.

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  #255 (permalink)
 fireman912 
houston tx
 
Experience: Intermediate
Platform: infinity
Trading: 6E
 
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Posts: 37 since Jan 2010
Thanks: 55 given, 24 received

I thought sunpost and john were the moderators...lol



MetalTrade View Post
(Quote from Fireman912 who is a moderator (hugo) from the eminisniper room)

For the 3rd time: My other trading systems are not working profitable on the 6E, I don't know why but it's like that. They work for the CL and the DAX but I don't succeed for the 6E. Since all the reports here were raving positive I decided to jump in. It's because I openly stated I lost money that comments changed about eminisniper.

I find the posts about eminisniper incredible different now than they were a month ago, I guess we all know why. If you follow the rules and you are losing money: It's because the system is not made for you.


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  #256 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
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bluemele View Post
Metaltrade,

I agree, and thanks for bringing this to everyone's attention. I think the key is that you defined the issues as well as others with the short-comings of the room.

Although, the format I believe could be a challenge. I think calling live trades in a trade room could be doubly challenging but I haven't tried. For instance with my current method, if you took the trades as my coach mentions them, they would be losers. He is not in the trade calling business but trying to teach you what to look for. However, you would be getting in too late, too much is going on as a distraction etc..

But, take that away and I believe you will find a very profitable system and trader behind it. The concept may be good, but their management or execution needs some work.

I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

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  #257 (permalink)
 timefreedom 
Indianapolis, IN USA
 
Experience: Advanced
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monpere View Post
I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

What it needs in order to do well is gullible traders who will buy the system, then subscribe to the room, then lease the indicators, and literally spend months before figuring out exactly what we have explained right here in this thread. The mods are super nice guys. Buyer Beware.

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  #258 (permalink)
 researcher247 
Chicago, IL
 
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Posts: 426 since Oct 2009
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I bought it for $99.00 on a goof.

This system is WEAK.

Just look at the progression of posts going forward, eh?

We are all grownups here; I wouldn't trade this with real money unless I severely modified the whole damned method--thus rendering it some-other kind of bastardized method/beast.

Intraday trading is intense & DEMANDS alot of initial parameters.

I posted about this in another thread (below if anyone is interested).





Peace ya'll!

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  #259 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
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fireman912 View Post
I thought sunpost and john were the moderators...lol

fireman912, if you are Hugo ( one of the partners of eminisnipers.com), do you need to declare yourself as a vendor?

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  #260 (permalink)
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
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monpere View Post
I'll say one thing, it does not do well when auto traded. It will have a good day or so with around a 50% win rate, which makes it profitable using 1:2 reward/risk, but the next 3 or 4 days it will have either like 10% win rate, or it will take no trades at all. I think the method needs a very specific type of market to do well. I know for sure it does not do well in very strong trends. It seems not to do well it tight ranges either. So, I think what's left is large range days, or weak trends with deep pullbacks. This may be why the youtube videos made it look like they were doing well before November, and the system just tanked in December. Now, if the authors come up with a way to identify the current market mood, and only use it then in that specific market environment, maybe it might be pretty good over all.

If you have any that are profitable, please share. I don't mind doing some testing.

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  #261 (permalink)
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
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I bought the system out of sheer curiosity.
IMO the exit rules and money management are weak. Like most things presented as "systems", it is really mostly an entry method. Frankly, entries are the least important part of a system, and this one like most, focuses mostly on the entry.

It's incredibly easy to look at a chart in hindsight and pick entries and say, "This one was worth 20 ticks... this one made 40 ticks.. etc." In realtime, knowing when to exit is crucial. In real life, you will often give back those 20 ticks whenever you try to make 40.

I felt this system was very weak on the exit strategy. I never visited the room, so I can't comment. I can say that the customer support is exceptional and the seller seems like a very nice honest guy. But I'm here to make money, not friends.

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  #262 (permalink)
farmer55
Minneapolis+ MN / USA
 
 
Posts: 32 since Jan 2011
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Well, are we having fun yet? I see that some are beginning to realize that this system doesn't work. Of course it doesn't.

No one discloses the secret location to their hidden treasure.

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  #263 (permalink)
 bluemele 
Honolulu, Hawaii
 
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farmer55 View Post
Well, are we having fun yet? I see that some are beginning to realize that this system doesn't work. Of course it doesn't.

No one discloses the secret location to their hidden treasure.

What do you farm?

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  #264 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
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farmer55 View Post
Well, are we having fun yet? I see that some are beginning to realize that this system doesn't work. Of course it doesn't.

No one discloses the secret location to their hidden treasure.

It works!... if you change the moving averages, change the oscillators, and use different rules

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  #265 (permalink)
 MWinfrey 
Lubbock TX
 
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monpere View Post
It works!... if you change the moving averages, change the oscillators, and use different rules


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  #266 (permalink)
farmer55
Minneapolis+ MN / USA
 
 
Posts: 32 since Jan 2011
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Bluemele
Just as a farmer farms the land, I farm the markets. + 7 trades(crops) so far this morning. All I want is 2.

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  #267 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
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January's results trading the system live-- I am up 436 pips. 13 winning days and 2 losing days. Having two targets has been working well for me to ride the trend. Watching s/r levels helped me to filter out trades...and hold on to some longer too.

While the system might not be the sliced bread the critics love to point out, it is a good starting point and it has been performing better for me than 99% of the other rubbish systems out there for free or many times the cost

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  #268 (permalink)
 timefreedom 
Indianapolis, IN USA
 
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sunpost View Post
January's results trading the system live-- I am up 436 pips. 13 winning days and 2 losing days. Having two targets has been working well for me to ride the trend. Watching s/r levels helped me to filter out trades...and hold on to some longer too.

While the system might not be the sliced bread the critics love to point out, it is a good starting point and it has been performing better for me than 99% of the other rubbish systems out there for free or many times the cost

Sorry, but I tracked this system during January and under no circumstances did you achieve those results by following the system that you purchased. If you are using your own "filters" or nuances and achieving good results, that's wonderful. But do not represent to others that you are doing well because of this system. Wgreenie is using this system (and I might add, already adding additional indicators and new markets to try and find a trade) and I don't think her results are even remotely similar to yours. Check her thread if you'd like an update. Buyer Beware.

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  #269 (permalink)
 wgreenie 
Cambridge, Ontario
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Zen-Fire
Trading: 6E
 
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Please be advised that I started with the Sniper set-up with some safety wheels in Nov. As weeks passed by, I succeeded in removing most of them except keeping the PriceActionSwing one for plotting HH/HL/LL/LH. I have recently added a second instrument CL (in addition to 6E) and started looking at the Ergodic indicator last week.

I believe Sunpost has been trading a different market (forex) and often finishes his trading before the regular trading hours. Other Sniper traders have their own trading plan (incl different PT/SL/Contract Size/Instrument(s) + different trade management skill) and it's unfair to compare their trading results even they maybe using a similar system to identify signals.

The trader himself/herself is responsible for all trading decision incl purchase/creation of his/her trading system and trading/game plan. Do your own homework and decide. Be prepared that you may have to try "x" number of systems before settling down into one. I don't see an issue in adding/removing one or two new filters when enhancing a trading system.

Good luck with your search!

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #270 (permalink)
 timefreedom 
Indianapolis, IN USA
 
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wgreenie View Post
Please be advised that I started with the Sniper set-up with some safety wheels in Nov. As weeks passed by, I succeeded in removing most of them except keeping the PriceActionSwing one for plotting HH/HL/LL/LH. I have recently added a second instrument CL (in addition to 6E) and started looking at the Ergodic indicator last week.

I believe Sunpost has been trading a different market (forex) and often finishes his trading before the regular trading hours. Other Sniper traders have their own trading plan (incl different PT/SL/Contract Size/Instrument(s) + different trade management skill) and it's unfair to compare their trading results even they maybe using a similar system to identify signals.

The trader himself/herself is responsible for all trading decision incl purchase/creation of his/her trading system and trading/game plan. Do your own homework and decide. Be prepared that you may have to try "x" number of systems before settling down into one. I don't see an issue in adding/removing one or two new filters when enhancing a trading system.

Good luck with your search!

Beth

Yes, absolutely. You've traded this since November when they gave you a copy. And many, many people from this forum purchased the system because of your initial enthusiasm. And yes, you have added another market in addition to 6E because, frankly, there have been seldom few winning 6E trades during the month of January. I didn't say on a particular day, I said during the MONTH of January. And yes, you did add the Ergodic indicator. Why? Because someone in the chat room suggested that they were using it to filter trades. That's it. No more, no less. Just someone who like me, was naive enough to spend money on the system, likes the Ergodic. Well... be sure and Google the indicator so you at least know what it is, what it does, etc. Then, if it helps, terrific. Maybe the folks who peddle this system will incorporate it. And yes, perhaps Sunpost is trading a different market at a different time. If you read the marketing material, this system is pitched for the 6E market and they run their chat room from 8 a.m. EST to 11:30 a.m. EST. During that period of time and on that market, the system has not worked for you (or anyone else.)

And finally, yes, every trader is responsible for their own actions. But frankly, that is like when a chat room moderator says something dumb like.. "you guys can take this one if you want to." I think most traders know that it's up to them whether or not they pull the trigger and enter the market, or pull the trigger and buy a system. In this case, I pulled the trigger and bought a system... and it was a "bad trade."

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  #271 (permalink)
 sharky 
MIAMI,FL
 
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i have to agree i cant beleive that either,if you got that many pips you out traded me and im not a bad trader,im tierd of reading this thread it's no longer produtive oh wait it never was,you guys/gals should spend more time talking about how to trade then on this silly nonsense...sharky

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  #272 (permalink)
 sharky 
MIAMI,FL
 
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ive seen some bs before but this has it all beat,just from this thread i would never buy that system i would not want to trade with that motley crew ever...sharky

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  #273 (permalink)
 sharky 
MIAMI,FL
 
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really for all you new traders reading this,dont waste your time these guys are wasting your valuable learning time this is complete nonsense go look else where,find some nice guys that will tell it strait to you and not lead you on,even the guys that own this system cant trade it but they stay here and defend it shame on you guys,that makes you worse than some stupid vender that doesnt trade and only sells systems...sharky

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  #274 (permalink)
 sharky 
MIAMI,FL
 
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you got 5 points a day all month you must really think we are fools, god i cant beleive you said that...sharky

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  #275 (permalink)
 LukeGeniol 
Italy (IT)
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
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Have you guys reply yourself why @sunpost does not show his trades?

Take your Pips, go out and Live.
Luke.
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  #276 (permalink)
 sharky 
MIAMI,FL
 
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im just saying we are here giving our time on bmt to help people and keep people from wasting money like we did when we first started trading and this thread is doing the opposite...sharky

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  #277 (permalink)
 sharky 
MIAMI,FL
 
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@ sunpost,i dont have a system i just point out different methods for entering the trend,if you could trade at all you could follow trend...sharky

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  #278 (permalink)
 sharky 
MIAMI,FL
 
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i show my trades all the time with ninja chart markers you cant fake that,like i said this thread is full of crap i give it 4 fins down im done have a nice day trying to bs the new people...sharky

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  #279 (permalink)
 sharky 
MIAMI,FL
 
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have a nice day lol

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  #280 (permalink)
 Big Mike 
Site Administrator
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Manta, Ecuador
 
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  #281 (permalink)
 redegenerated 
Espaņa
 
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but i agree with sharky since this is not a free method so things should be stated clear...

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  #282 (permalink)
 shodson 
Quantoholic
OC, California, USA
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
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bluemele View Post
I always find the whole 'vendor' thing so interesting.

Me too. I've thought a lot about it. I like to trade, but I also like to shrare/teach help people via

- My Journal
- My Meetup
- Public speaking
- My Upcoming Webinar

Etc. However, none of these "helpful outlets" make me any money, even though I spend a lot of time on them. If I could somehow monetize my desire to help that would be even better, but for now I do it because I like to. And I'd hate to think I'd been looked down upon if I devised a way to profit from it as well, but once you put a price tag on something every other "vendors-are-scum" types are gonna hate you, no matter how many P&L statements you throw at them. So, you just realize you can't please all of the people all of the time, and try to move forward.

With that said, I know many, if not most, vendors are worthless pond scum, but I've found some that genuinely want to help and add value, yet, they sell proprietary methods/software without disclosing their innards, and if you don't want to pay for them then don't do it, otherwise, come up with your own "edge", or buy/rent one from a vendor as long as it is working for you. In the meantime, the vendor has no obligation to show you their secret sauce, even if it's based on something as simple as a MA cross over.

Frankly, I'm ecstatic Beth has found something she's happy with. You know you always hear: "learn one setup, master it, own it" and you're off to a good start. Maybe someday it will stop working for her and others, but in the meantime, milk it while it does. I used to follow Beth's journal, but I had to stop because she kept changing from one instrument to another, one strategy to another, it was hard to keep up.

I think people that pay for a course, and are happy with it, aren't all that eager to share with a "show me Show Me SHOW ME!" lynch mob because they made their investment and got their reward, so go do the same if you want it too, and no amount of demands for proof will motivate them to share. Most traders just want to make money and then get on with their life. They don't owe anybody anything.

I remember a similar thread about ETS over on another forum that I was involved in. Many people were disgruntled with the system, yet still didn't share it because they spent so much money on it. Some were successful, and got tired of people asking for charts and a layout of the rules/setups. Also, though, ETS pretty vigorously went after people that posted system details online. Whatever the case, someone I met who bought the system gave me the book he purchased to look at. He didn't want it anymore and wanted my opinion of it. I pored over the rules and it was so complicated and specific I can't see how anybody could successfully follow it, even if it did work, because there were so many things that had to line up at the same time it was hard to keep track. You pretty much had to buy their proprietary indicators, which simplifies a lot of the rules into a few indicators, to follow the complexities of the system. which cost thousands more. This made it hard to claim your 30-day refund, which nobody ever got, so that was a scam too.

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  #283 (permalink)
 incometrade 
Rochester Hills, Michigan
 
Experience: Advanced
Platform: Tradestation
Trading: Currency Futures
 
Posts: 200 since Jul 2010
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Well I have been watching this thread from the start. And what I think sharky was,is doing is trying to weed out the people that are not really adding to the overall learning process that is supposed to be going on here on Big Mikes. When people start these threads and say how easy and profitable they have become like this post! #2 on the thread, But have not added nothing else to big mikes! Nobody is asking for there statements or the indicators just proof with chart markers or something. I have learned a ton from sharky even if i never use his stuff, he is detailed and shows his entry's, exits and even indicators and has yet to ask me or anyone on here for money for his help. I appreciate what he has done for everyone here and if you look at his following you will see no inconsistancy, he just tells it like it is and maybe he comes across short, or pissed off but thats what draws me to him. Free Metaltrade, Sharky!

#2. I bought this system and method , and for me this is the best investment and best decision I have ever made in my trading , clean and easy to learn , and very fairly priced .. The trading room is awesome , the guys are very professional and good traders .

We have this special Sniper setup which is so accurate that it will blow your mind

I highly recommend it ..

. . Biggz ...

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  #284 (permalink)
Tundi
Fullerton, CA
 
 
Posts: 201 since Dec 2010
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This vendor must be laughing to the bank as he hasn't spent a nickel and yet reaches the apex of Google's hit parade. Nothing like free advertising.

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  #285 (permalink)
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/Kinetick
Trading: Forex
 
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I just took this trade. Entered @.9972 out @.9977 and @1.0000 +33 pips

After taking out the first position, i went to b/e with the second position. From there, I trailed from the swing lows-1. I exited the second position at 1.0000 -- obvious resistance area

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  #286 (permalink)
 David_R 
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
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This is a free country so I don't really have a problem with people selling systems etc. I think the cost should be reasonable and not thousands of dollars.

Lets face it. If someone had a profitable system that gave trade signals that were spot on a highe percentage of the time would they sell it? I wouldn't. Just trade the damn thing and make a fortune. If you want to help people then give it away. I don't blame the vendor. I think its the nature of this industry and many feel that if the buy something then they can be successful. I've purchased a number of indicator packages and realized that is not the key. The key is me and I need to get me right. If you are successful with the system then that is great. Keep it up.

I've attached a chart and I think its the same point in time as one of the charts posted earlier. I'm on the west coast so the time may be different. I've added volume and a MACD set to 3,10,16. I did this just to show that with a free indicator, adding volume and using price action and structure (trend lines etc) you can produce the same trade set up. You probably don't even need the vol or the indicator, but it may help to confirm things.


david

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  #287 (permalink)
 monpere 
Bala, PA, USA
 
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The reason I think eminisniper got popular is because unlike any other vendor I have seen in a very long while, their system is defined very objectively, if leaves little to subjectivity, every aspect is very well defined, in their setup and money management. Unfortunately, that is also their demise, because when you have a well defined and objective system, then if forces the system to hold up to it's own accountability. Because it is objective, people can say, I followed your system to the letter and it did not work, and that result is irrefutable.

They did not say draw a trend line in this direction, wait for a pullback in this area, and enter around here... They said, using this instrument, displayed in this type of bar, in this time period, wait for a pullback x ticks from there, oscillator at this number, enter x ticks over here, stop at x ticks, target at x ticks, but do not enter when price is making this pattern, or if price is trading between here and here. Every thing laid out to the letter, very mechanical, very objective.

The trick that most other vendors use, is they, design a vague system which you have to use with your own 'discretion'. The moment they introduce the concept of discretion in the system, then they shift the accountability away from the system itself, and put it directly on the trader. Now, if the trader is not successful it is his fault. Unfortunately, eminisniper did not know about that little secret. Like many others, their system did not work, but unlike the others, they could not hide behind the discretionary loop hole. This is evident in the fact that everyone who traded their system to the letter, lost money, but the few who supposedly made money do not trade the system according to the exact defined rules.

Like I said on another thread, most vendors will give you a system so vague, that for every 3 reasons you give them that you took a loosing trade, they will give you 6 reasons why you should not have taken that trade. That is the nature of discretionary systems. Might as well be trading the horoscope. Even though It is irrefutable to me the eminisniper system has not worked from the day I bought it a couple of months ago, I still have to applaud them, because whether they intended to or not, they gave us a system that is simple, straight forward and objective. It is refreshing to finally see a vendor that is not hiding behind the discretionary shroud to swindle people. You can't fault them for that... although they are probably regretting it now

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  #288 (permalink)
kk240
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It's relative, when you call it professional they room,forum and they are good traders.
I am not so exited about they method, , i saw similar divergence use early 90's telerate user's guide.
I think they publish they method too early, its still raw.

You can see post to this thread, people are not using they periods, some people are adding ECO etc...
6E is hard trading instrument, and they are also trading quite late. I think other easier instrument works better.

I can use it but I add couple important analysis. to my chart. I am not switching method what i currently use to eminisniper method.

Summary I don't have anything good to say so I quit here.



incometrade View Post
Well I have been watching this thread from the start. And what I think sharky was,is doing is trying to weed out the people that are not really adding to the overall learning process that is supposed to be going on here on Big Mikes. When people start these threads and say how easy and profitable they have become like this post! #2 on the thread, But have not added nothing else to big mikes! Nobody is asking for there statements or the indicators just proof with chart markers or something. I have learned a ton from sharky even if i never use his stuff, he is detailed and shows his entry's, exits and even indicators and has yet to ask me or anyone on here for money for his help. I appreciate what he has done for everyone here and if you look at his following you will see no inconsistancy, he just tells it like it is and maybe he comes across short, or pissed off but thats what draws me to him. Free Metaltrade, Sharky!

#2. I bought this system and method , and for me this is the best investment and best decision I have ever made in my trading , clean and easy to learn , and very fairly priced .. The trading room is awesome , the guys are very professional and good traders .

We have this special Sniper setup which is so accurate that it will blow your mind

I highly recommend it ..

. . Biggz ...


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  #289 (permalink)
 trendisyourfriend 
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monpere View Post
...I still have to applaud them, because whether they intended to or not, they gave us a system that is simple, straight forward and objective. It is refreshing to finally see a vendor that is not hiding behind the discretionary shroud to swindle people. You can't fault them for that... although they are probably regretting it now

You're not serious, are you ? Anyway, i still prefer a system where my common sense plays a role and which helps me make money than a simple straight forward and objective system that makes me lose money, don't you ? However, i don't really like the term discretion as it has some pejorative connotations. Common sense conceals almost countless different skills. Common sense is not a simple thing. Instead, it is an immense society of hard earned practical ideas of multitudes life-learned rules and exceptions, dispositions and tendencies, balances and checks.

Here is what Marvin Minsky has to say about common sense:
If common sense is so diverse and intricate, what makes it seem so obvious and natural? This illusion of simplicity comes from losing touch with what happended during infancy, when we formed our first abilities. As each new group of skills matures, we build more layers on top of hem. As time goes on, the layers below become increasingly remote until, when we try to speak of them in later life, we find ourselves with little more to say than "i don't know."

Traders are not immune to that. They need to take the time to build that society of hard earned practical ideas, rules and exceptions, dispositions and tendencies, balances and checks.

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  #290 (permalink)
 monpere 
Bala, PA, USA
 
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trendisyourfriend View Post
You're not serious, are you ? Anyway, i still prefer a system where my common sense plays a role and which helps me make money than a simple straight forward and objective system that makes me lose money, don't you ? However, i don't really like the term discretion as it has some pejorative connotations. Common sense conceals almost countless different skills. Common sense is not a simple thing. Instead, it is an immense society of hard earned practical ideas of multitudes life-learned rules and exceptions, dispositions and tendencies, balances and checks.

Here is what Marvin Minsky has to say about common sense:
If common sense is so diverse and intricate, what makes it seem so obvious and natural? This illusion of simplicity comes from losing touch with what happended during infancy, when we formed our first abilities. As each new group of skills matures, we build more layers on top of hem. As time goes on, the layers below become increasingly remote until, when we try to speak of them in later life, we find ourselves with little more to say than "i don't know."

Traders are not immune to that. They need to take the time to build that society of hard earned practical ideas, rules and exceptions, dispositions and tendencies, balances and checks.

I have no problem with common sense, or discretion however you may call it, but if you tell me my success depends on it after you take my money, I'm gonna ask you for a 25 point itemized list of it means to you. To me common sense means buy 40 contracts every time I see a blue bar, to you it's probably totally ludicrous. Write it down for me please. There's a town somewhere missing a perfectly good idiot... that's me

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  #291 (permalink)
 tradermark2009 
Concord, CA
 
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monpere View Post
It is refreshing to finally see a vendor that is not hiding behind the discretionary shroud to swindle people. You can't fault them for that... although they are probably regretting it now

Monpere, why do you they are regretting? Just wondering what your thoughts are, nothing else is implicated. Thanks, Mark FWIW, I see that you are a compentent trader....good job!

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  #292 (permalink)
 trendisyourfriend 
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monpere View Post
...There's a town somewhere missing a perfectly good idiot... that's me

My comment about common sense was not meant to ridiculize you or anyone else rather it was to put things into a more global context.

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  #293 (permalink)
 monpere 
Bala, PA, USA
 
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trendisyourfriend View Post
My comment about common sense was not meant to ridiculize you or anyone else rather it was to put things into a more global context.

I know, I was just goofing around, I just love that town idiot quote

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  #294 (permalink)
 shodson 
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Hey, any of you disgruntled eminisniper ebook buyers, I'll buy your ebook/PDF for $20 if you want. PM if interested.

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 timefreedom 
Indianapolis, IN USA
 
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shodson View Post
Hey, any of you disgruntled eminisniper ebook buyers, I'll buy your ebook/PDF for $20 if you want. PM if interested.

Please.... donate your $20 to the Humane Society or a valid charity of your choice. Thank you.

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  #296 (permalink)
 monpere 
Bala, PA, USA
 
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shodson View Post
Hey, any of you disgruntled eminisniper ebook buyers, I'll buy your ebook/PDF for $20 if you want. PM if interested.

I am insulted! It's worth at least $20.50

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  #297 (permalink)
 sunpost 
Pennsylvania, USA
 
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Entered @ .3837
First target @ .3843 +6
Exit second position @ .3857 +20
Made a loan for a vet clinic on kiva.org ( Kiva - Lend > Julia Nelida from Peru)

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  #298 (permalink)
 sunpost 
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The long awaited indicator has been released! Unfortunately, I was out all day so I was unable to take any of the trades. So far it looks like it is picking off quite a few good trades in multiple instruments. My forex charts are showing similar results--hope it keeps up

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 tickvix 
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sunpost View Post
The long awaited indicator has been released! Unfortunately, I was out all day so I was unable to take any of the trades. So far it looks like it is picking off quite a few good trades in multiple instruments. My forex charts are showing similar results--hope it keeps up

Thank you for posting your charts. I like what they were able to put together. I have made some changes to my trading and currently using 3R chart to trigger my entry.
I would like to know if you can talk about your set up where do you place your stop do you still using the way Rob is trading? If "yes" I know what you are talking about. If "no" then do you place your stop under trigger bar?

Thank you

Gregory

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  #300 (permalink)
 sunpost 
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for my trading, I have been using the trigger bar and try to get to b/e as fast as I can I also have been using two targets when trading with-trend.

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